CARETRUST REIT INC (CTRE) Stock Technical Analysis
NYSE:CTRE - US14174T1079 - REIT
34.41 USD
-0.05 (-0.15%)
34.41 USD
0 (0%)
Overall CTRE gets a technical rating of 8 out of 10. Although CTRE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CTRE is part of the Diversified REITs industry. There are 129 other stocks in this industry. CTRE outperforms 92% of them.
CTRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CTRE has a been trading in the 31.92 - 34.92 range, which is quite wide. It is currently trading near the high of this range.
CTRE has an average volume of 2569980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CTRE did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CTRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for CTRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.65
34.96
4 important support areas can be observed.
- A support zone ranging from 30.19 to 30.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.06 from a horizontal line in the daily time frame.
- Support @27.15 from a trend line in the weekly time frame.
- Support @24.90 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.45 to 34.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CTRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRE is up. |
| ChartMill Relative Strength | 78.1 | POSITIVE | CTRE has a high relative strength, it outperformed 78.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.08 | NEUTRAL | The RSI value for CTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTRE has a negative trend. |
| Stochastics (14,3) | 83.9 | OVERBOUGHT | The high Stochastics value suggests CTRE may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for CTRE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.94 | NEUTRAL | The ADX value for CTRE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.62 | 33.45 | 1.17 (3.38%) | 25.00% |
| An entry @34.62. This is a Buy Stop order right above the resistance zone. | An exit @33.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.17 points, which is 3.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
34.41
-0.05 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.15%
1 Week-0.09%
2 Weeks1.5%
1 Month7.56%
3 Month19.65%
6 Month33.01%
12 Month15.16%
2 Year70.77%
3 Year59.75%
5 Year77.65%
10 Year206.96%
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.92%
ATR Inc-24.25%
Range Today0.44
ADR(20)0.64
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.1
Mansfield0.71
10 Day High34.92
10 Day Low33.46
20 Day High34.92
20 Day Low31.92
52 Week High34.92
52 Week Low24.79
CS1 End30.33
CR1 Start34.45
Volume & EV
DER(3)4.68%
DER(5)3.46%
Volume2.12M
Volume Incr-50.54%
Vol(5)1.68M
Vol(50)2.57M